ICO Ratings on ICOformula - Movers and Shakers of Week 21
Another turbulent weekend for the cryptocurrency markets, the global cryptocurrency market cap now sits at $312 billion falling $20 billion from Friday, Bitcoin at $7228 – down $208 and Ethereum also fell to $535 – down $60. Solid reasons for the continuing downward trend still thin on the ground with no significantly negative news in the media, if anything, the opposite is the case. The media appear to have cut back on articles and news sensationalising the negative (and largely inaccurate) reports – how long that lasts remains to be seen of course.
Chinese authorities are upping the pressure to bring standardisation to the world of blockchain according to officials at the Ministry of industry and Information Technology in the country. Head of the IT ministry's Information and Software Department, Li Ying stated the structure will based on the TC 307 standards under the ISO (International Organisation for Standardisation) and meet the requirements of the International Telecommunication Union (ITU) after extensive discussions with both entities. The comprehensive framework for blockchain standards is anticipated to be completed in time to launch at the end of 2018.
Cryptocurrency ATM manufacturers General Bytes have announced the installation of ten new ATMs across the Prague Metro system in the Czech Republic. The Prague Metro is Europe fifth busiest underground train service with 1.6 million daily users which should contribute to the wider adoption of cryptocurrency in the country. General Bytes now has 859 ATM machines in service worldwide, second only to Genesis Coin. The Czech government has been open but relatively quiet on the regulatory front to date, last week saw one of the country’s major energy providers announce they would be accepting utility bill payments in Bitcoin from subscribers suggesting a more relaxed regulatory approach in the region.
New ICO Ratings on ICOformula:
Last week in the world of ICO Ratings on ICOformula:
The first chart shows us how the top 10 ICO’s by average position have changed over the course of the previous week:
The second chart shows the top 10 ICO’s by largest average position gain over the past week:
The third chart shows the top 10 ICO's by largest average position drop over the past week:
Caveat: Only ICO’s that have had the status of ICO are used in the data set for the full 7 day range are included in the following charts. ICO’s that either entered the dataset mid-way through the week, OR completed the ICO process and completed their sale/trading as tokens are not included in these charts.
Learn more about ICOformula ratings and how the Formulatron calculates them in our in-depth guide to how ICOformula rates ICOs.
Created: Monday, May 28, 2018
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